Markets.com Review

Broker Summary

Markets.com can allow investors to use numerous platforms, frequently analyse real-time signals, evaluate a large number of charts and benefit from 24/5 customer service. Traders may opt to receive text messages that contain economic news, and users who open standard accounts can have access to a team of account managers who will help the clients understand how the trading platform works. Moreover, investors are commonly able to utilize leverage and to choose floating spreads or set spreads.

Trading Markets Offered

Traders are able to invest in gold, silver, platinum, palladium, many types of indices, zinc, aluminium, copper and oil. Furthermore, users can trade numerous CFDs in commodities, such as corn, wheat, coffee, rice, heating oil and cocoa.

Choosing CFDs

By trading CFDs, a client can potentially benefit from the small fluctuations of a commodity’s value, yet the investor will not have to actually purchase the asset. Markets.com provides a detailed set of conditions that describe the spreads, the trading hours and the available leverage for clients who buy and sell CFDs.

Investing in Currencies

The broker gives users the ability to trade more than 52 currency pairs and offers set spreads for most pairs. While trading currencies, a client can typically use leverage to invest a sum that equals 200 percent of the user’s account balance.

Evaluating Fees and Costs

Unlike the majority of brokerages, the company does not charge a commission for each trade, and the business never requires clients to pay extra fees. The enterprise’s experts negotiate with banks in order to obtain especially tight spreads. Consequently, the business can lower spreads as soon as a bank’s rates are modified.

Trading Platforms

markets.com Platforms
The brokerage provides three types of live accounts, and to open a classic account, a trader must make a minimum deposit of $100. When creating a standard account, a user can deposit $2,500, and each client who opens a premium account must provide an initial deposit of at least $20,000.

Creating a Demo Account

Markets.com allows users to open a demo account without providing any payment information. Unlike many brokers, the company lets each demo account remain active for an unlimited amount of time.

Choosing a Mobile Platform

The broker’s app is completely compatible with Apple’s operating system, Android and BlackBerry’s operating system. By using the application, investors can customize profiles, rapidly make withdrawals and modify orders. When a client logs into the app, the trader will see organized tabs that show pending orders, the account’s balance, the app’s current language, open positions and the available margin.

Finding Vital Assets

The platform is equipped with a search box that lets users locate certain features, commodities and precious metals. Alternatively, a client may browse categories that contain lists with assets that are related to particular keywords.

Using Each Platform

Once an investor places an order, the broker’s platform will feature a virtual cube that contains information about the trade. As a result, investors may simultaneously view the details of a large number of orders.

Charting Package

The website allows traders to evaluate charts that show long-term trends and spreads. An investor can opt to add indicators to each graph, and these signals may predict the future value of an asset.

Analyzing News

Markets.com can offer a virtual tool that will feature economic news and political updates, and sometimes, the widget will describe how certain news can affect a commodity’s value. If a user adds this tool to the broker’s mobile app, the investor can opt to receive notifications when certain types of updates become available.

Social Trading

This feature gives clients the ability to evaluate the trades of other investors in real time. Before following a trader, a user may determine the percentage of an investor’s orders that generated profits and the number of trades that the expert has completed. While engaging in social trading, investors are able to create detailed profiles that describe their overall strategies and their goals. When a client monitors another investor’s trades, the user can also opt to receive notifications as soon as the individual modifies an order.

markets.com Platform Screen

The Site’s Strengths and Potential Weaknesses

Markets.com will allow investors to chat live with representatives who can help traders to use charts, explain how to make deposits, modify a trade’s settings, create new orders or effectively evaluate an indicator. Furthermore, the business manages approximately 20 branches worldwide, and between 2012 and 2015, the company received five major awards that are related to outstanding customer service.

Receiving a Bonus

The brokerage provides a bonus of $25 for each new trader even if the investor has not made an initial deposit. When a client transfers funds to a live account, the well-known business offers a bonus that is equivalent to 10 percent of the deposit. (Bonus T&C apply)

Languages and Educational Materials

While using the broker’s platform, traders may choose among more than 20 languages, and some of these include Polish, Italian, Spanish, Turkish, Dutch, German, French, Portuguese, Chinese, Russian, Czech, Indonesian, Greek and Hungarian. The site’s educational materials can feature any of these languages.

The brokerage has created tutorials that help clients to use technical analysis, invest in currencies, trade CFDs and implement fundamental analysis. Clients may also read a free ebook that describes a large number of strategies.

The enterprise’s experts have developed a wide array of videos that feature detailed tutorials. Some of these films provide a glossary that is related to trading and review advanced techniques. Additionally, the business regularly manages webinars and offers a list of live sessions that will be held during each month.

The Conclusion

The company has received hundreds of positive testimonials from satisfied customers, and the brokerage provides more educational materials than approximately 90 percent of brokers worldwide. Furthermore, the enterprise manages dedicated phone numbers for clients who are situated in 35 countries.

While making deposits or withdrawals, investors have the ability to use multiple payment methods and processors, such as credit cards, WebMoney, Skrill and wire transfers. When a user is ready to open a live account, the trader can also utilize a tool that indicates which payment methods are available for clients in each country.